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Fiorina joins Case's company
Ousted HP CEO on board of health firm formed by ex-AOL boss, joining other forced-out execs.
September 9, 2005: 9:28 AM EDT
Carly Fiorina is the latest ousted executive to join the board of Steve Case's new health firm.
Carly Fiorina is the latest ousted executive to join the board of Steve Case's new health firm.

NEW YORK (CNN/Money) - Carly Fiorina, who was forced out as chairman and CEO of Hewlett Packard, is joining the board of a company formed by America Online co-founder Steve Case that includes several other ousted corporate chiefs.

Fiorina joined the board of Revolution Health Group, a privately held company started by Steve Case. Case was a co-founder of America Online and led the Internet service provider's purchase of Time Warner.

In January 2003 he resigned as chairman of what was then known as AOL Time Warner under pressure from leading shareholders who were upset by the sharp drop in share value following the merger. He remains a member of the merged company's board. CNN/Money is a unit of Time Warner (Research).

Fiorina resigned as chairman and CEO of HP (Research) in February after leading its own controversial acquisition of Compaq Computer in 2002. The company's stock and earnings disappointed investors following the merger.

Fiorina joins a board that includes Franklin Raines, who resigned as chairman and CEO of mortgage financier Fannie Mae (Research) in December after regulators found accounting problems at the firm. Raines is a former Time Warner director.

The board also includes Steve Wiggins, who was forced out as chairman of insurer Oxford Health Plans in 1998 in order to secure additional financing it needed at that time. Also on the board is Colin Powell, who resigned as Secretary of State at the end of 2004, and Jim Barksdale, who had headed Internet browser firm Netscape until it was purchased by AOL.

"Revolution Health Group is driven by an exceptional vision informed by the experience of world-class entrepreneurs, business innovators and investors," Fiorina said in a statement released by the company. "I'm excited to join the board."

Revolution Health seeks to invest in companies that offer alternative health and wellness services to consumers. Case started the company in July.

The company also announced Thursday that it had hired John Pleasants as its new CEO. Pleasants had been serving as president and CEO of Ticketmaster, the ticket sales service owned by IAC/InterActiveCorp (Research).

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For more news on Steve Case's plans for the health care sector, click here.

For a look at Fiorina's departure from HP, click here.  Top of page

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